Shiv25shank wrote:
Thanks Farell Dyan Hehn for your reply.
I have been doing some research since your reply and as you said Stern has a major role to play in helping one of your non-finance background client to get an internship in an investment bank. So, do the top Bschools for Finance have placements or one has to go out and try to find a job.
And when you said not to look at from a purely financial standpoint, could you please elaborate on this a bit.
Thanks.
Kind Regards,
Shashank
Shiv25shank - the way it works is you "recruit" for a specific industry. When he arrived at Stern, he decided to recruit for IB and to be honest, he spent a massive amount of time attending awkward networking mixers where he could not eat or drink anything. So the school is like a meeting place but it is up to you to make an impression, get the interview and get the job. And there is stiff competition at every stage of that.
He received internship offers from 2 banks - but neither were super huge - just finished his internship and is crossing his fingers to get a full-time offer. If he doesn't, he will need to re-recruit again next semester. There are no "placements," that is frankly not how things are done in the US, only introductions and opportunities, but those put you at a distinct advantage vs. being a free agent who is not in b-school.
When I said not to look at it from a purely financial standpoint - I pretty much summed it up before in the following sentence
YOU WILL NEVER FEEL RICH DOING A JOB YOU HATE. I know people who have made well into the six figures but miserable depressed losing hair and with a skin condition from the anxiety and stress.
One of them quit his job - and was so scarred from the experience that he quit working for a very long time, and went through all his savings before returning to work.
So work with a career coach on finding the right fit. If you want money to be happier, why make yourself miserable in the process? That is illogical and a plan that will ultimately backfire.